Bellevue Asset Management LLC Acquires 152,145 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Bellevue Asset Management LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 922.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 168,632 shares of the company’s stock after acquiring an additional 152,145 shares during the quarter. First Trust Low Duration Opportunities ETF makes up 4.3% of Bellevue Asset Management LLC’s investment portfolio, making the stock its 4th biggest holding. Bellevue Asset Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $8,332,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Palisade Asset Management LLC acquired a new position in First Trust Low Duration Opportunities ETF in the first quarter valued at $25,000. Hershey Financial Advisers LLC purchased a new position in First Trust Low Duration Opportunities ETF during the 2nd quarter worth approximately $30,000. Hilltop National Bank purchased a new stake in First Trust Low Duration Opportunities ETF in the second quarter valued at approximately $42,000. Chris Bulman Inc acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the second quarter valued at approximately $43,000. Finally, Triad Wealth Partners LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF during the second quarter worth approximately $44,000.

First Trust Low Duration Opportunities ETF Stock Down 0.1 %

Shares of First Trust Low Duration Opportunities ETF stock opened at $48.66 on Thursday. The firm’s fifty day simple moving average is $49.18 and its 200-day simple moving average is $48.59. First Trust Low Duration Opportunities ETF has a 12 month low of $45.06 and a 12 month high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd will be issued a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.19%.

About First Trust Low Duration Opportunities ETF

The First Trust Low Duration Opportunities ETF (LMBS) is an exchange-traded fund that is based on the Bloomberg U.S. MBS index. The fund is an actively managed fund that invests in a variety of mortgage-backed securities with target duration of less than 3 years. LMBS was launched on Nov 4, 2014 and is managed by First Trust.